No, you're not, you may just have one of those guns that "shoots fast". Rugers are known to do that, where as S&W handguns are known to shoot a tad "slow" vs. published data. Not saying one's better than the other, just noting something is all. Now then:
According to Hodgdon's website that I just looked at, that load is squarely in the middle: 4.4 grains under a 230 = 744fps@15,000 CUP, and 4.8 grains = 818fps@16,700CUP. The key to our discussion here is the term "relative":
At peak pressures, the 45 ACP is a relatively low pressure round all things considered. Commercial cast slugs are usually cast from relatively hard alloys. This usually = No slug base obturation at low pressures. Add that to mis-sized slugs(usually undersized), and commercial lubes that are designed more to survive shipping under adverse conditions than actually serve as a lube, and you get smoky loads.